Keppel Corporation Ltd. Company News

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Awilco Drilling Reports Rig Contract Termination
Awilco Drilling stated Monday that it has terminated its vessel construction contract with KFELS for the Nordic Spring.
7:00 PM EST | December 29, 2020
Keppel Balks at Notice Alleging Contract Breaches, Cancellation
Keppel said the notice came just before the next payment installment of $31.9 million was due from Awilco on June 9.
8:00 PM EST | June 09, 2020
Keppel Eyes LNG-Powered Data Centers
Keppel Data Centres has signed MOUs with Toll Group and Royal Vopak tied to developing floating data centers powered by LNG and possibly hydrogen.
8:00 PM EST | April 20, 2020
Temasek Plans to Pay $3B for Full Control of Keppel
Singapore's Temasek Holdings Pte plans to take control of Keppel Corp. for about S$4 billion ($3 billion) and undertake a review of the oil-rig builder's business that could involve a board shakeup.
8:00 PM EST | October 20, 2019
Singapore's Keppel Posts Lower 2Q Profit, Says Rig Market Outlook Muddy
Keppel posts a 21% drop in its quarterly profit and warned it did not expect a speedy recovery in the offshore and marine market.
8:00 PM EST | July 19, 2017
Singapore's Keppel To Buy New Bonds Of Struggling KrisEnergy
Rigbuilder Keppel Corp says it will subscribe to a bond offer by KrisEnergy Ltd, potentially increasing its majority holding and throwing a lifeline to the debt-laden oil and gas explorer.
8:00 PM EST | November 02, 2016
Brazilian Government Plans to Open Talks with Keppel, Sembcorp Marine
Brazil plans to opens talks with Singapore's Keppel Corp. and Sembcorp Marine to find solutions to the challenges they faced in the country, including issues arising from an ongoing corruption probe.
8:00 PM EST | September 04, 2016
Penny Stock DBS Couldn't Save Roils Singapore Oil Hub, Banks
With a market value of $37 million, Swiber Holdings hardly seemed the kind of company to cause a ripple in the financial markets. Yet, the near-liquidation of the penny-stock firm has set off tremors in Singapore's banking and energy industries.
8:00 PM EST | August 07, 2016
Keppel Refutes Allegations it Pays Bribes to Win Contracts from Petrobras
Singapore's Keppel denies allegations made by the company's former commercial representative in Brazil that its executives had authorized payment of bribes to secure contracts from Petrobras.
8:00 PM EST | August 03, 2016
Singapore Rig Giant's Man In Brazil Says Managers Backed Bribes
Keppel Corp.'s Brazil problems just keep growing.
8:00 PM EST | August 02, 2016
Keppel Sees Prolonged Dearth Of Oil-Rig Orders Amid Glut
Keppel Corp., the world's largest builder of oil rigs, sees little prospect of an improvement in global demand amid a supply surplus that's caused quarterly profit to fall to the lowest in almost a decade.
8:00 PM EST | July 21, 2016
Keppel AmFELS Delivers Newbuild Uxpanapa to Mexico's Central Panuco
Keppel AmFELS delivers newbuild Uxpanapa to Mexico's Central Panuco and the jackup has been chartered for work offshore Mexico by national oil company Pemex.
8:00 PM EST | July 13, 2016
Keppel Wins $89M Deals for Work on 3 Floating Facilities, 1 Pipelay Vessel
Keppel Shipyard wins contracts valued at $89 million for work on three floating facilities and a pipelay vessel.
8:00 PM EST | July 07, 2016
Keppel, Shell Form Singapore LNG Bunkering Joint Venture
Keppel Corp Ltd enters into an agreement with Royal Dutch Shell to form a joint venture company, which will establish a liquefied natural gas (LNG) bunkering business in Singapore.
8:00 PM EST | July 06, 2016
Singapore's Keppel AmFELS Delivers One of the World's Largest HEEM Land Rig
Singapore's Keppel AmFELS delivers one of the world's largest harsh environment enhanced mobility (HEEM) land rig ahead of schedule.
8:00 PM EST | June 15, 2016
EIG Names Keppel as Defendant in U.S. Court Case Against Petrobras
EIG Management Co. names rig builder Keppel as a defendant in a case against Petrobras in a U.S. court, but the Singapore yard denies the allegations.
8:00 PM EST | June 01, 2016
Keppel O&M, Rosneft & MHWirth Set Up Singapore Incorporated JV
Keppel Offshore & Marine sets up a Singapore incorporated joint venture company with Russia's Rosneft and Norway's MHWirth for the design and engineering of mobile offshore drilling units.
8:00 PM EST | May 19, 2016
Keppel O&M Completes Acquisition of Cameron's Offshore Product Division
Keppel Offshore & Marine completes acquisition of Cameron's offshore product division.
8:00 PM EST | May 02, 2016
Keppel O&M's 1Q 2016 Net Profit Falls 53% to $70.7M, Revenue Down 58%
Keppel Offshore & Marine's net profit falls 53 percent to $70.7 million in first quarter 2016, while revenue is 58 percent lower at $608.7 million.
8:00 PM EST | April 18, 2016
Keppel Holds Naming Ceremony for McDermott's Newbuild DLV 2000
Keppel Singmarine holds naming ceremony for McDermott's newbuild derrick lay vessel, DLV 2000, at its yard in Singapore.
8:00 PM EST | April 13, 2016
Keppel's Unit BrasFELS Bags $141M FPSO Contract from MODEC
Keppel's BrasFELS shipyard bags a $141 million module fabrication and integration project from MODEC for FPSO Cidade de Campos dos Goytacazes MV29.
8:00 PM EST | April 06, 2016
Don't Get Hopes Up For Sustained Keppel, Sembcorp Marine Rally
The world's two biggest builders of oil rigs saw their stocks rise the most in more than two years last month as crude rebounded.
8:00 PM EST | April 05, 2016
Keppel FELS Delivers Jackups Cantarell I & Cantarell II to Mexico's Grupo R
Keppel FELS delivers jackups Cantarell I and Cantarell II to Grupo R for operations in the Cantarell oil field offshore Mexico.
8:00 PM EST | March 27, 2016
Sky-Futures to Grow Asian Workforce Slightly, Partners with Keppel's OTD
Sky-Futures, a drone inspection provider to the oil and gas industry, is growing its workforce in Asia slightly to meet regional operational needs, a company executive told Rigzone at OTC Asia 2016.
8:00 PM EST | March 22, 2016
Floatel Believes Firm is Well-Positioned to Tap Business Opportunities
Floatel believes it is well-positioned to tap business opportunities despite a tough market currently.
8:00 PM EST | March 14, 2016
Keppel FELS Holds Naming Ceremony for Floatel Triumph at its Singapore Yard
Keppel FELS holds naming ceremony for Floatel International's newbuild accommodation semisub Floatel Triumph at its Tuas yard in Singapore.
7:00 PM EST | March 10, 2016
Keppel Updates on Investigations into its Petrobras/Sete Brasil Contracts
Singapore's Keppel Corp. updates on official investigations into contracts signed by its entities with Petrobras and/or Sete Brasil.
7:00 PM EST | February 22, 2016
N-KOM Delivers Newbuild Liftboat Al Safliya to Qatar's GDI
Nakilat-Keppel Offshore & Marine delivers newbuild liftboat Al Safliya to Qatar's Gulf Drilling International.
7:00 PM EST | February 14, 2016
Keppel FELS Delivers Newbuild Jackup Halul to Gulf Drilling International
Keppel FELS delivers newbuild jackup Halul to Qatar's Gulf Drilling International.
7:00 PM EST | January 25, 2016
Keppel O&M Posts 4Q 2015 Net Loss of $42.5M, Updates on Brazil Contracts
Keppel Offshore & Marine posts a net loss of $42.5 million for fourth quarter 2015, down from a net profit of $200.1 million in the previous year.
7:00 PM EST | January 21, 2016
Looking Beyond Backyard Doesn't Pay for Singapore Rig Builders
This week, two of Singapore's blue-chip companies could learn that it doesn't pay to expand too far afield.
7:00 PM EST | January 17, 2016
Keppel FELS Delivers Arabdrill 70 Jackup to Arabian Drilling Company
Keppel FELS delivers Arabdrill 70 jackup to Arabian Drilling Company.
8:00 PM EST | October 27, 2015
Keppel O&M's 3Q 2015 Net Profit Falls 34% YOY to $119.7M
Keppel Offshore & Marine posts a 34 percent fall in net profit for third quarter 2015 to $119.7 million, compared to $181.7 million a year ago amid a slowdown in new rig orders.
8:00 PM EST | October 22, 2015
Keppel to Cooperate With Brazilian Authorities Over Petrobras Contracts
Keppel Corp. says the firm will, if approached, cooperate with the Brazilian authorities investigating contracts entered into by Petrobras and Sete Brasil with its units.
8:00 PM EST | October 22, 2015
Partners Reach FID for Cameroon FLNG Project
Partners reach a final investment decision to proceed with development of the Cameroon FLNG project.
8:00 PM EST | September 30, 2015
Keppel to Deliver 3 Ice-Class Vessels to Bumi Armada for Filanovsky Field
Keppel Singmarine is on track to deliver three ice-class vessels to Bumi Armada to work at the Filanovsky oil field later this month after a naming ceremony at its Singapore yard.
8:00 PM EST | September 13, 2015
Keppel Shipyard Bags $89.2M Contracts, Includes Madura BD FPSO Conversion
Singapore's Keppel Shipyard clinches four contracts, worth $89.2 million, including a floating production storage and offloading conversion for the Madura BD Block offshore Indonesia.
8:00 PM EST | August 11, 2015
Industry Counts on FLNG to Beat the Odds and Live Up to Promise
Weak liquefied natural gas (LNG) prices could dampen relatively brisk activities in the floating LNG sector, currently a bright spark in the oil and gas industry.
8:00 PM EST | August 03, 2015
Keppel O&M's 2Q 2015 Net Profit Falls 36% to $126M, Non-Drilling Focus Now
Keppel Offshore & Marine registers a 36 percent decline in net profit for second quarter 2015 to $126.2 million amid a slump in new rig demand as the firm now focus more on capturing business from the non-drilling market.
8:00 PM EST | July 23, 2015
Singapore's Keppel 2Q Profit Falls 2% as Rig Business Falters
Singapore's Keppel Corporation sees its 2Q net profit fall two percent due to a weak performance in its offshore and marine unit.
8:00 PM EST | July 22, 2015
Golar LNG Gets $960M Financing Commitment from CSSC for GoFLNG Hilli
Golar LNG receives commitment from CSSC Shipping Co. to finance $960 million of the conversion cost of the GoFLNG Hilli facility now under construction at Singapore's Keppel Shipyard.
8:00 PM EST | July 21, 2015
Keppel Inks $684M Floating Liquefaction Facility Conversion Deal with Golar
Keppel Shipyard inks a $684 million floating liquefaction facility conversion contract with Golar LNG's unit.
8:00 PM EST | July 21, 2015
Mitsubishi, NYK Buy 45% Stake in FPSO Turritella Project from SBM for $590M
SBM Offshore divests 45 percent stake in FPSO Turritella project to two Japanese companies for $590 million.
8:00 PM EST | July 15, 2015
Keppel FELS Secures $85M Contract to Build Liftboat for Crystal Heights
Keppel FELS secures $85 million contract from Crystal Heights to build a high specification liftboat.
8:00 PM EST | July 13, 2015
Golar, Perenco Reach Agreement on Commercial Terms of Cameroon FLNG Project
Golar LNG and Perenco reach agreement on the commercial terms of the floating liquefaction natural gas export project in Cameroon.
8:00 PM EST | June 30, 2015
KrisEnergy to Raise $123M for Thailand, Bangladesh Development Projects
KrisEnergy launches rights issue to raise $123 million to support its development projects in Thailand and Bangladesh.
8:00 PM EST | June 15, 2015
Keppel FELS Holds Naming Ceremony for Grupo R's Three Newbuild Jackups
Keppel FELS held rig naming ceremony for three jackups constructed for Mexico's Grupo R at its Singapore yard.
8:00 PM EST | June 01, 2015
Keppel O&M Records 1Q 2015 Net Profit of $150.4M, Down 12% YOY
Keppel Offshore & Marine posted a net profit of $150.4 million in the first quarter of 2015, down 12 percent from a year ago.
8:00 PM EST | April 16, 2015
Keppel FELS on Track to Deliver its 100th Newbuild Jackup to PV Drilling
Keppel FELS is on track to deliver its 100th newbuild jackup PV Drilling VI to Vietnam's PV Drilling.
7:00 PM EST | March 01, 2015
Keppel, Sembcorp Marine Refute Allegations of Bribe Payments in Brazil
Keppel and Sembcorp Marine refute allegations that they paid bribes to secure contracts in Brazil's energy sector.
7:00 PM EST | February 08, 2015